The Morning Ledger: Twitter Hoax Doesn’t Deter Disclosure Plans

News Editor

The Twitter hoax that sent markets reeling earlier this week isn’t scaring companies off from social media. Dell and Exxon Mobil, which have both signaled they’ll use social media to communicate corporate news, aren’t changing their plans, the WSJ’s Jessica Holzer and Greg Bensinger report. And AutoNation says its decision to have CEO Mike Jackson disclose material information on his Facebook page and Twitter is also still on track. “We’ve already taken steps to safeguard against hacking,” a spokesman said, noting email poses similar security issues.

Nearly across the board, mid-market executives are hiring new employees, buying new technology solutions, acquiring businesses to reach new markets and preparing IPOs, according to a Deloitte survey of more than 500 mid-market executives. But companies are running up against a number of constraints as they seek to expand, particularly in acquiring and retaining skilled talent.